NYSEARCA:XOP

Spdr(r) S&p(r) Oil & Gas Exploration & Production Etf ETF News

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$171.02
-0.110 (-0.0643%)
At Close: Jun 04, 2026
Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.
Oil prices are heading to a record again, and it's increasingly clear the gains are no fluke. Demand hit a record in June and is on track to stay at high levels for the rest of the year.
Traders bought the dip and pushed oil prices closer to multi-month highs.
Crude oil markets initially fell a bit during the trading session on Friday, but turned around to show signs of life again.
Oil prices have soared about 20% since late June but they could go even higher this year if the OPEC+ alliance sticks to its policy of restraining crude production, the International Energy Agency (IE
OPEC predicts rising 2023-2024 oil demand; US inflation data suggests easing Fed rate hikes, while extended production cuts support oil prices.

Oil prices tick higher on OPEC demand optimism

08:38pm, Thursday, 10'th Aug 2023
Oil prices edged higher on Friday on optimism from the OPEC producer group that oil demand will be robust in 2024 as it also nudged up its expectations for global economic growth.
Oil markets declined despite bullish OPEC report as traders focused on profit-taking.
The structure of the global benchmark Brent crude futures market is at its most bullish since April, reflecting the impact of production cuts from the Organization of the Petroleum Exporting Countries
Crude oil markets ran into a bit of resistance on Thursday, as it looks like exhaustion is setting into the market.

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Gas prices spiked over 40% higher this week following reports of terminal worker strikes in Australia, exposing the continued volatility of the market. Reports of the potential strike action among Woo
OPEC on Thursday said it saw prospects for a healthy oil market in the second half of the year and stuck to its forecast for robust oil demand in 2024 as the outlook for world economic growth slightly

U.S. oil benchmark edges down from 2023 high

07:11am, Thursday, 10'th Aug 2023
Oil futures edged lower early Thursday, pausing a rally that saw the U.S. benchmark end the previous session at a 2023 high.
Crude oil resilience persists amidst Saudi supply constraints despite EIA inventory surge, China growth skepticism.
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